Damac

The Damac report suggests also that the entire Islamic banking and finance market is itself growing at 15 to 20 per cent annually.

Archive 2008-11-01 Not a sheep 2008

The Damac report suggests also that the entire Islamic banking and finance market is itself growing at 15 to 20 per cent annually.

Has Gordon Brown sold the UK out Not a sheep 2008

And a report released in May by Damac Capital International says that the global market for sukuk more than doubled between 2006 and 2007, hitting $62 billion from $27 billion a year earlier, and that it will reach $200 billion by the end of the decade.

Archive 2008-11-01 Not a sheep 2008

And a report released in May by Damac Capital International says that the global market for sukuk more than doubled between 2006 and 2007, hitting $62 billion from $27 billion a year earlier, and that it will reach $200 billion by the end of the decade.

Has Gordon Brown sold the UK out Not a sheep 2008

Damac then told investors that the project was back on.

Scandals in Dubai Cast a Cloud 2008

Damac has completed only 18% of its $30 billion real-estate portfolio.

Scandals in Dubai Cast a Cloud 2008

Damac, which employs more than 8,000 people world-wide, said Tuesday that the cuts will be focused in those areas "directly affected by the contracting market, including sales and marketing, recruitment and back-office support functions."

Gulf Firms Retrench 2008

When investors pressed, they were told Palm Jebel Ali's government-controlled master developer, Nakheel PJSC, hadn't given Damac suitable land on which to build.

Scandals in Dubai Cast a Cloud 2008

Last month, Damac sent letters to those investors, saying the project had been canceled, giving few details.

Scandals in Dubai Cast a Cloud 2008

The agency's Mr. bin Ghalita said Dubai law gives Damac six months to start construction.

Scandals in Dubai Cast a Cloud 2008